CFAH

Purchased for $1.6 million in 2007, the interior of the “archetype Edwardian” at 4334 19th Street was remodeled, a garage was added and the 2,248-square-foot home subsequently traded for $2.7 million in September of 2015.

The home’s kitchen has since been upgraded a bit more, with new Calacatta marble countertops and Ann Sacks backsplashes, and the home’s lower level bathroom has been remodeled a bit as well (before and after and versus the main bathroom upstairs).

And having returned to the market priced at $2.995 million in October, the resale of 4334 19th Street has now closed escrow with a contract price of $2.9 million, representing total appreciation of 7.4 percent for the single-family home “on a great Castro block” since the third quarter of 2015, not accounting for the cost/value of the recent upgrades.

The Bay Area index for single-family home values is up 30.8 percent over the same period of time.

Comments from Plugged-In Readers

  1. Posted by MDG399

    #Like

  2. Posted by whitemountain

    I viewed this home, it was not that great. No bathroom on main level. Upstairs shared a bathroom for all 3 bedrooms, 2 of the bedrooms were tiny without closets. And downstairs/backyard were dark and adjacent buildings blocked all the light.

    • Posted by Notcom

      Well what do you expect for (not even) $3M??
      Jeesh.

    • Posted by Castro Callie

      Very similar to 263 Eureka, which went for just north of 3 million and I also viewed. Seems crazy.

  3. Posted by Sierrajeff

    The “middle” kitchen was by far better. I do not understand the trend for EVERYTHING WHITE EVERYWHERE.

  4. Posted by Eric

    I’m really confused by the state of the market. I look at the following Bernal houses:

    68 Nevada – just sold for 1.75 and looks nice and is north of cortland. Went for 1.575 in 2015 so basically no appreciation when you factor in interest rates being so much lower now compared to 2015.

    585 Anderson – just sold for 2.5 and is south of Cortland, looks like a flip job and frankly 68 Nevada looks like a nicer, albeit smaller home w/ better location.

    327 Park – took a long time and several price reductions and is south of cortland and went for 3.1 and is a flip job.

    Is Nevada a steal and Park and Anderson overpays (particularly Anderson)?

    • Posted by sparky-b

      I think a lot of people would say that Nevada has the worst location. North of Cortland isn’t a selling point if you are that far off it and you are also well east of the hub of Cortland.

      • Posted by Eric

        I’m just blown away that someone would pay 3.1 million to live south of Cortland or even 2.5 for what looks like a soul-less spot on Anderson. Couldn’t someone get a reasonably nice place in Noe or Glen Park for that amount?

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